WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 18, 2021
Examining the Efficiency of Current International Economic Sanctions Concerning Iran
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Abstract: The study approaches the economic sanctions imposed on Iran. It comprises a history of sanctions, reviewing their typologies and application while focusing on the sanctions the United States enacted against Iran. In July 2015 a deal was struck, with the commitment of Iran to reduce significantly its advances in the nuclear programme in exchange for appeasement of the comprehensive sanctions regime. Nonetheless, the Trump administration proceeded to unilateral withdrawal from the deal in May 2018, thus extending the imposition of sanctions to a higher degree. As such, the paper tackles a long-standing dilemma whether sanctions do alter political responses and if so, their efficiency, based upon several factors regarded as important for the evaluation
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Pages: 462-471
DOI: 10.37394/23207.2021.18.47